Narrow search
Showing 1 - 10 of 86
Cover Image
Addressing systemic risk in Europe during Covid-19: The role of regulation and the policy mix
Dotta, Vitor - 2022
This work examines the impacts which the Covid-19 pandemic brought to the stability of the European financial sector. Lockdowns, businesses unable to operate and uncertainty about how the pandemic would evolve fueled a sharp recession. From the lessons learned in the global financial crises and...
Persistent link: https://www.econbiz.de/10013190393
Cover Image
Lending for Growth? An Analysis of State-Owned Banks in China
Andersson, Fredrik N. G.; Burzynska, Katarzyna; Opper, Sonja - 2013
This paper provides the first comparative analysis of different types of publicly owned banks operating in China between 1997 and 2008. Using principal component analysis and Granger-causality tests, this study shows that China's state-owned commercial banks and rural credit cooperatives did not...
Persistent link: https://www.econbiz.de/10013208648
Cover Image
Is monetary policy always effective? Incomplete interest rate pass-through in a DSGE model
Binning, Andrew; Bjørnland, Hilde Christiane; Maih, Junior - 2019
We estimate a regime-switching DSGE model with a banking sector to explain incomplete and asymmetric interest rate pass-through, especially in the presence of a binding zero lower bound (ZLB) constraint. The model is estimated using Bayesian techniques on US data between 1985 and 2016. The...
Persistent link: https://www.econbiz.de/10012661554
Cover Image
Trust in Banks? Evidence from normal times and from times of crises
Knell, Markus; Stix, Helmut - 2009
Trust in financial institutions is of great importance for financial intermediation. Against this background, we study two questions: Has trust in banks declined during the global financial crisis and what factors determine the level of trust in banks? Employing survey evidence from Austrian...
Persistent link: https://www.econbiz.de/10013370075
Cover Image
Fintech entry, firm financial inclusion, and macroeconomic dynamics in emerging economies
Finkelstein Shapiro, Alan; Mandelman, Federico S.; … - 2022
We build a model with a traditional banking system, endogenous entry of firms and fintech intermediaries, and firm heterogeneity in credit access and usage to study the credit-market, macroeconomic, and business cycle implications of the recent sizable growth in the number of fintech...
Persistent link: https://www.econbiz.de/10014278481
Cover Image
The Chicago Fed DSGE Model
Brave, Scott A.; Campbell, Jeffrey R.; Fisher, Jonas D. M. - 2012
The Chicago Fed dynamic stochastic general equilibrium (DSGE) model is used for policy analysis and forecasting at the …
Persistent link: https://www.econbiz.de/10010292149
Cover Image
Bayesian semiparametric multivariate GARCH modeling
Jensen, Mark J.; Maheu, John M. - 2012
This paper proposes a Bayesian nonparametric modeling approach for the return distribution in multivariate GARCH models. In contrast to the parametric literature, the return distribution can display general forms of asymmetry and thick tails. An infinite mixture of multivariate normals is given...
Persistent link: https://www.econbiz.de/10010292242
Cover Image
Decomposing changes in the aggregate labor force participation rate
Hotchkiss, Julie L. - 2009
This paper presents a simple methodology for decomposing changes in the aggregate labor force participation rate (LFPR) over time into demographic group changes in labor force participation behavior and in population share. The purpose is to identify the relative importance of behavioral changes...
Persistent link: https://www.econbiz.de/10010292316
Cover Image
Simulation-based valuation of project finance: does model complexity really matter?
Weber, Florian; Schmid, Thomas; Pietz, Matthäus; … - 2010
forecasting techniques, e.g. correlation forecasts based on historical values and on a dynamic conditional correlation (DCC) model … varied. We find that the applied volatility forecasting models have a strong influence on the expected net present value … distribution and on the probability of default. In contrast, correlation forecasting models play a minor role. Time resolution and …
Persistent link: https://www.econbiz.de/10010305715
Cover Image
Analysing and forecasting price dynamics across euro area countries and sectors: A panel VAR approach
Dées, Stéphane; Güntner, Jochen - 2014
This paper uses a panel VAR (PVAR) approach to estimating, analysing and forecasting price dynamics in four different …
Persistent link: https://www.econbiz.de/10011310799